 Welcome to Access a Trader, the number one community for those who are committed to taking control of their trading in order to achieve success, profitability, and longevity. Thank you for joining us. Here's Dan Shapiro to help you find your edge, master your process, and own your future. Hey guys, good evening everybody, and welcome to another edition of the Access Trader.com nightly update show. Hope everybody is doing well. If you could be so kind, take a moment and click like, share. If you haven't done so, subscribe, come aboard guys, and thank you very much for spending a few minutes with us. So kind of a weird day, right? So if you watch the weekend update, I came in today, my number one, number one idea, number one setup going into today's session was Tesla, right? Tesla just the last, you know, three, four days has just been kind of putting in lower highs, lower lows, been basing below the five day moving average. And you know, like I talked about in the video, I was waiting for this bottom channel to confirm. Obviously it didn't confirm, and not only didn't confirm, it started actually going higher. And this is where really we try to reiterate this point every single time, whatever your game plan is. Okay, if it doesn't confirm, there is no trade, right? It's a setup. There's a big difference between a setup and a trade. And this is what we talked about on the weekend update. Don't put yourself in a situation that you're anticipating, right? When a stock confirms, it confirms. When a stock doesn't confirm, it's just a trade setup that just hasn't confirmed. And unfortunately today, you know, as we were sitting there watching pre-market, you know, sitting there that 190 area, 191. I'm like, all right, you know, this thing looks really, really good. And then out of nowhere, the stock just literally takes off. We'll get to individual pivots in a second. But it really does show you you always have to have a two-sided game plan. It's okay to be wrong theoretically. I don't know one trader walking this earth not wrong on a daily basis. The key is don't be wrong financially. Again, you could be wrong theoretically every single time. It's like somebody putting a gun to my head and say, what do you think is happening to the market tomorrow? Going up or going down? I go up. Who cares, right? It's irrelevant. The most important part is if your levels are not confirmed, there is no trade. And that's why you continuously set alerts, reminders, whatever you want to call them into future prospects of price action. But today kind of played out really, really on the very way. If you look at the indexes, all major benchmarks, you know, down a little bit, nothing really at the right home about. You have the Dow down 62 points and Nasdaq down 20 and S&P down 200. A lot of names basically rested, right? Yet Amazon rested yet Meta rested. You had Microsoft not necessarily rested, but, you know, again, still within the range. The biggest issues came from names today like Google, right? Google today apparently is having second thoughts about how this whole Gemini AI is going to work for them. The market didn't like that because, again, if you remember this whole run up on a lot of these names, whether it's semiconductors, whether it was Oracle, Microsoft, whatever the case may be, it was AI driven. So the idea that their AI capabilities, not the par, really sold off the stock. And when it did sell off the stock, look how close it is now to the bottom of the range here. So this is something we definitely want to watch for tomorrow. Apple, right? We've been talking about Apple for several days, another name that just cannot rally. Can't go higher, but can't go lower. I'm still watching the bottom of this range, guys. Again, it's not something that's imminent. Maybe it'll finally be imminent by tomorrow, but it's not something imminent that you have to watch every single day. But if you do respect technical analysis and you do respect the bottom level here, if Apple finally winds up losing the bottom channel here and starts losing the 200-day EMA, it could get nasty very, very quickly. And there is a spillover for potential ramifications in other areas. One group that obviously stood out today were these AI stocks, right? Look at AI, right? AI, say, had a big, big move. Even the smaller names, look at SUN, right? Look at this move on SUN. We actually had a pit on this SUN, believe it or not. SUN, right? AI names going absolutely nuts. ARM woke up today, right? We're talking about ARM on the Weekend Update Show. ARM woke up today. But the most important part, and this is kind of where we should kind of take a little bit of a step back, look at the bigger picture is what we want to talk about with the indexes. So people always try to pick a top. No matter how good the market is, people always try to pick a top. I don't look for tops. I look for, what's the word I'm looking for? I look for a heavy rotation of a rolling situation that takes three, four days for the pensioner to play out. And that starts happening when you get rejected off a top of a Bollinger Band. If you notice, on Friday, we got rejected off the top of the Bollinger Band, and today put in a higher low. There's not really an emphasis to be careful for tomorrow. It's not like one of those scenarios that sometimes I'll record a video and go, hey guys, the market closed on the five day, the market closed on the 10 day, the market better not give up the 50 day, let's watch for tomorrow. It's not really a case like that. I just kind of want to bring it to everybody's attention that we did see kind of a rejection on Friday, and we put in a lower high today. The key is for tomorrow, if we put in another lower high and we start taking out Friday's lows, that's when you could get yanked a little bit. It's just something you really want to watch. Same thing with the semiconductors. Semiconductors, they've been pretty much carrying the load in this market for a very long time now, and definitely in the last calendar year. Continue to watch that area, guys, that 206 level we discussed on the weekend update. If this thing starts losing 206, it's going to correlate with the queue. So it's just, again, it's not something that's imminent. It's not something that has to happen tomorrow. We just want to be aware. And if we are aware, again, you have to put yourself in a situation. You have a two-sided game plan every single day, and when one channel doesn't confirm, the other channel probably will. And there's no better case for that today than Tesla, right? So Tesla, again, we had, as you can see here, these are all the pre-market pivots, right? All the pre-market pivots. Some did really, really well today. Some didn't confirm. But here's kind of my point, right? So we had, this was my number one idea for going into today. 191 held twice. And let me show you why. 191 was such a big deal, right? Forget about today's session. You see these last two candles? That was Thursday and Friday. The bottom of Thursday and Friday held 191.30s, and Friday's low is 191.50s. And that's also the rising support here, right? That's the rising support, which is the 20-day Bollinger bands, right in between. So if we would have lost that 191, I really thought we could have like a move to that 175 level. But that didn't happen. That's the whole point of being prepared and not being afraid to be wrong when another side of the channel confirms. And when you go up here, right, once Tesla didn't confirm the bottom side, well, that's when we turn around and be adults and say, well, listen, if the bottom didn't get confirmed, well, maybe the top of the channel gets confirmed. And the top of the channel confirmed here. It went from 198 and a quarter. It went all the way up to the 201.75, which was the linear regression line. So the moral of the story is here is very simple, guys. I know a lot, especially new traders are very, very, it's important for you guys to be right. Okay? It's important for you guys to get your opinion, have it play out. The problem is the market guys don't care what your opinion is, at least for that day. Okay? We could be having this conversation three days from now and go, guys, remember that 191 level? That 191 level is still valid. It's not like Tesla's running away from us. We did see today 205 and 210 weekly calls coming in for Tesla. We'll see what happens. Obviously, it needs to take out last week's highs for this thing to get going. We'll see if that happens for tomorrow. Arm today was a big, big mover, right? It's one of the names we covered on the weekend video. Arm upgraded today. 138.75 needs to confirm. Here was Arm, right? So it took out that 138.75 and traded right to 150. Big, big move on Arm. If it starts taking out today's channel, it could get a bigger move multiple day. But again, really, really good move here. SMCI, as we discussed on the weekend video, I was prepared. Well, at least I got everybody else prepared. Again, I just don't trade SMCI. For that potential reversal, obviously didn't come. Qualcomm never confirmed. Tesla to the downside never confirmed. Amazon, if you talk about technical analysis, it doesn't work. My head's going to explode. The pre-market high was 176.40 needs to confirm. Look what the high of the day was today. 176.37. Again, these guys, these are not coincidences. Technical analysis is real. And in the voice of the Seinfeld episode in Terry Hatcher, they're real and they're spectacular. And that's exactly what TA is. That worked out really well, right? Really well example. Other than that, here is the upside move on Tesla 9823. It went to 2170s and talk about a name that we would never trade, right? But something caught my attention today. There was option flow came in. They were coming in for the four and a half dollar weeklies. They were coming in for the $5 for next week. So, and again, one of these AI stocks 435 needs to build. Look at this move on S-O-U-N. I mean, this is crazy. It went from 435 all the way up to six bucks. Congratulations for you guys who caught that as well. And I believe that is it, right? I believe that was it. Arm had a big move, Tesla had a big move, Suen had a big move. We actually had a bunch of bounces in between, but that has nothing to do with pivots. Going in for tomorrow, a couple of names I do like in case the market has another day of fire. I like this channel on Qualcomm. Again, I don't know if it's going to confirm tomorrow, but the channel itself does look pretty good. If it could confirm the top of the range, you might get a run here. So, keep an eye on that. Coinbase went absolutely nuts today. Bitcoin, I think it was what, $54,000, $57,000. I don't keep up with it. But Coinbase went nuts today. Let's see if tomorrow could be a day two. Obviously, I'm watching a day two of selling potential for Google. I'm watching the bottom of the range for Apple. Obviously, we're watching Tesla for tomorrow. If it could get above the Bollinger brand and take out last week's highs as well. The most important part is, folks, just watch the leaders. A name like NVIDIA, it needs to rest. It doesn't need to go down, but it needs to rest. Use them as a gauge. For example, if you're watching the semiconductors and you're watching the SMH, if you're watching that 206 level, obviously you're going to want to watch NVIDIA. Obviously you're going to want to watch SMCI. Set an alert on this 206 level for SMHs. If NVIDIA and SMCI gets hit, everything's going to get pulled down with it. One really cool note today. If you guys remember when Nancy Pelosi or her husband bought a crap load of NVIDIA stock and then all of a sudden, what we all know when NVIDIA did, it was a filing that she bought a million dollars worth of Pan-W. Obviously, when people heard that, they started building up. The ironic part about this purchase on Pan-W, and we saw some pretty big call buying come in we saw some end of the month, 350s come in, but the weird part about this bet was she did it before earnings. Her bet blew up on earnings. It really does show you, you can't just go blindly into something without really looking at the chart or really just looking at something that has a catalyst. Because again, if she bought stock anywhere in the last month, she's really heavily underwater. Again, just be careful. Don't just start buying because Nancy Pelosi is long. There really needs to be a nice correlation between a chart breakout and sentiment in the process. Just another note on Google, just for tomorrow, not to kind of beat a dead horse on Google, but a big notable bet on Google was the May 130 puts, and that traded 15,000 times for roughly $5.1 million. So I definitely, definitely want to watch Google tomorrow for a potential day two. Maybe we could get a rejection into strength on the 60 minute, but at least something to be completely conscious of. Other than that, guys, that's a wrap, right? That's a wrap for Monday. Very, very solid action. Very, very solid action today. We had a nice Amazon balance, arm when nuts, Tesla was pretty good. Good stuff, good stuff. Nothing wrong with that. Guys, have a good night. God bless, and I will see you all tomorrow. Take care.